Indus Gas Limited (LON:INDI – Get Free Report) dropped 10.2% on Friday . The company traded as low as GBX 6 ($0.07) and last traded at GBX 7.45 ($0.09). Approximately 408,534 shares changed hands during mid-day trading, an increase of 68% from the average daily volume of 242,601 shares. The stock had previously closed at GBX 8.30 ($0.10).
Indus Gas Stock Performance
The firm has a market capitalization of £14.55 million, a price-to-earnings ratio of 99.38 and a beta of 0.70. The company has a 50-day moving average of GBX 8.75 and a 200-day moving average of GBX 9.49. The company has a current ratio of 2.50, a quick ratio of 0.80 and a debt-to-equity ratio of 236.14.
Indus Gas Company Profile
Indus Gas Limited, together with its subsidiaries, operates as an oil and gas exploration and development company in Asia and Europe. The company engages in the exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas and condensate. It owns a 90% participating interest in the Block RJ-ON/6, a petroleum exploration and development concession covering an area of approximately 4,026 square kilometers located in onshore mid Indus basin, Rajasthan.
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